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Why the Rally Suddenly Makes Sense

By Jim Cramer

About this article:
Is a market dangerous because Citigroup went up 75 cents this week? Should we be scared by the miracle ramp of General Electric from the $12 strike level? Is it worrisome that Cisco is now up from a quarter when John Chambers signals a meaningful order turn? Should we be concerned that Eastman Kodak keeps going higher, and now CBS is joining the back-from-the-single-digits party? The loss-making homebuilders -- Lennar, Pulte, KB Homes, D.R. Horton -- are they creating a climate of complacency, given that Deutsche Bank is saying that 44% of mortgages are underwater, something that extends well beyond the 14 million homes that were bought between 2005 and 2007 that had been thought to be the bad vintages? How about the buying in Hartford, with its vast commercial real-estate-backed mortgages bonds, considering the plummeting office and mall and apartment real estate values, which some...

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